AutoBees Crossed 52 Week High Today

If you have invested in AutoBees or any other Auto ETF, then there is good news for you today AutoBees has crossed its 52-week high and is trading at 224.05.

Let us discuss today how much it can increase in the coming time and whether it is the right time to invest money in AutoBees.

What is AutoBees?

AutoBees is an ETF through which you can invest money in India’s auto industry. India’s best auto companies are included in this ETF, the list with their weightage is given below.

All Companies	Weightage
Apollo Tyres	1.46 %
Ashok Leyland	2.54 %
Bajaj Auto	12.67 %
Balkrishna Industries	2.18 %
Bharat Forge	2.65 %
Bosch	4.42 %
Eicher Motors	5.35 %
Exide Industries	1.31 %
Hero Motocorp	4.63 %
MRF	2.85 %
Mahindra & Mahindra	11.78 %
Maruti Suzuki	19.55 %
Samvardhana Motherson International	4.03 %
TVS Motors	5.03 %
Tata Motors	17.97 %
Tata Motors DVR	1.59 %

Technical analysis of AutoBees

In the table given below, you can see what is today’s lower price and higher prices of AutoBees. You can also see the 52-week high of AutoBees in this table along with information about the lower circuit and upper circuit is also given.

AutoBees	Today Low	Today High	52-Week Low	52-Week High	Lower Circuit	Upper Circuit
Data	216.43	Click to know	123.89	224.05	173.91	260.86

Is this the right time to invest in AutoBees ETF?

If you are looking at long-term investment then this is the right time to invest in this ETF of AutoBees.

If you want to invest here for short-term investment or swing trading, then it is possible that this app may take a slight correction from here and you will have to wait for a long time.

So this is not a favorable time for short-term investment or swing trading, for this, you should apply the Rasi indicator in a time frame of 1 hour. When the RSI of this ETF reaches 40 then you can do swing trading or short-term investing in it.

Conclusion

AutoBees has hit its 52-week high today, its effect will be visible on the Indian market as well. In the coming time, you will also see a good rise in the Nifty 50 ETF.

This news is good news for the investors in the Indian stock market and those who have invested in AutoBees app can also book some of their profits here.